Monday January 27, 2020

Apple may be forced to pay ten years’ back tax to Revenue

Tech giant has revealed two of its subsidiaries in Ireland were under investigation by the European Commission

Ian Guider

Markets Editor

@ianguider
1st November, 2015
Apple unable to quantify amount of penalties it would face Picture: Getty

Apple says it’s unable to quantify the amount of penalties it would face from the European Commission in the event it is found to have had a sweetheart tax arrangement with the Revenue Commissioners.

In a filing with the US Securities and Exchange Commission last week alongside its annual results, the company said that up to ten years of back tax could be on the line.

“If the European Commission were to conclude...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The HSE has a funding crisis. Unless it is solved, the Sláintecare health reform programme cannot be implemented

Tony O'Brien | 1 day ago

After two crashes and 346 deaths, the aircraft manufacturer’s new 737 Max has been grounded. It has since emerged that the plane was rushed through production, with pilots kept in the dark about a new control system, and no one seems be sure when it will be ready for takeoff again

Barry J Whyte | 1 day ago

Allowing our super-rich to go under the radar ensures that the wealth gap in Ireland is just as entrenched as in other parts of the world

Vincent Boland | 1 day ago